Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago,

User Stats

20
Posts
0
Votes
N/A N/A
0
Votes |
20
Posts

Still looking for first deal, what do you think?

N/A N/A
Posted

Had someone call me and provided me with this information:

5 bed/3ba
tile floor
ocean view
roughly 3k sq ft

There is a 1st Mortgage of $576k @ 6.5%
2nd of $108k @ 9%
He also said they are 5 year arm

Other notes are that he said he put 35k into the property.
His motivation for selling: Him and his partner take a hit on the commute to work. Says property is too big for him and his partner because it is just the two of them. He said he was realistically expecting around $569k so I used the range technique and said "So $560-570k?" and he agreed.

I havn't ran the comps yet. Should I do so with a realtor in the area?

Loading replies...